{
  "crd_number": 150764,
  "slug": "capital-wealth-planning-llc-naples-fl-150764",
  "primary_business_name": "CAPITAL WEALTH PLANNING, LLC",
  "legal_name": "CAPITAL WEALTH PLANNING, LLC",
  "dbas": [],
  "city": "Naples",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "34940",
  "metro": {
    "cbsa_code": "34940",
    "common_name": "Naples",
    "msa_name": "Naples-Marco Island, FL",
    "path": "/advisors/fl/naples"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-06-30",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-03-20",
  "carried_forward": false,
  "raum_total": 17247323339.0,
  "raum_discretionary": 17247323339.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 30,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 221164065.0,
      "count": 89
    },
    "individuals": {
      "raum": 6974439561.0,
      "count": 11151
    },
    "investment_companies": {
      "raum": 7034321533.0,
      "count": 3
    },
    "high_net_worth_individuals": {
      "raum": 2608515388.0,
      "count": 1066
    },
    "corporations_other_businesses": {
      "raum": 408882792.0,
      "count": 271
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "NH",
    "PA",
    "RI",
    "TX"
  ],
  "websites": [
    "https://capitalwealthplanning.com",
    "https://facebook.com/capital.plan.50",
    "https://facebook.com/capitalwealthplanning",
    "https://instagram.com/capitalwealthplanning",
    "https://instagram.com/covered.calls",
    "https://kevinsimpson.com",
    "https://linkedin.com/company/capital-wealth-planning",
    "https://linkedin.com/in/kevin-simpson-9646611a6",
    "https://walktowardwealth.com",
    "https://x.com/coveredcalls",
    "https://x.com/cwp_advisor",
    "https://youtube.com/channel/UCM_nxMfOfUogcdZQvu0k2mQ"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/150764",
  "city_as_filed": "NAPLES",
  "url": "https://advisorcensus.com/firm/capital-wealth-planning-llc-naples-fl-150764",
  "display_name": "Capital Wealth Planning, LLC",
  "summary": "Capital Wealth Planning, LLC is an SEC-registered investment advisory firm in Naples, FL, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.",
  "citation": "AdvisorCensus. Capital Wealth Planning, LLC (CRD 150764): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Capital Wealth Planning, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Capital Wealth Planning, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Capital Wealth Planning, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 20, 2026 states: Asset-based fee: up to 1.75% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Capital Wealth Planning, LLC located?",
      "a": "Capital Wealth Planning, LLC's principal office is in Naples, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Capital Wealth Planning, LLC registered with the SEC or a state?",
      "a": "Capital Wealth Planning, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 150764."
    },
    {
      "q": "How much does Capital Wealth Planning, LLC manage?",
      "a": "Capital Wealth Planning, LLC reports $17,247,323,339 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary)."
    },
    {
      "q": "How have Capital Wealth Planning, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Capital Wealth Planning, LLC: Regulatory assets under management: $2,610,572,453 in the October 2021 data and $17,247,323,339 in the October 2026 data, up 561%. Total employees: 18 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Capital Wealth Planning, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (11,151); high net worth individuals (1,066); corporations or other businesses not listed above (271)."
    },
    {
      "q": "Which custodians does Capital Wealth Planning, LLC use?",
      "a": "Capital Wealth Planning, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Capital Wealth Planning, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/150764"
    },
    {
      "q": "What changed in Capital Wealth Planning, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 6. Regulatory assets under management went from $11,419,152,238 to $17,247,323,339 (+51%). Added an office in Naples, FL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2610572453.0,
      "total_employees": 18,
      "filing_date": "2021-07-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4971271938.0,
      "total_employees": 19,
      "filing_date": "2022-04-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 7577626251.0,
      "total_employees": 28,
      "filing_date": "2023-03-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 9242682912.0,
      "total_employees": 29,
      "filing_date": "2024-09-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 11419152238.0,
      "total_employees": 32,
      "filing_date": "2025-02-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 17247323339.0,
      "total_employees": 30,
      "filing_date": "2026-03-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 6.",
        "Regulatory assets under management went from $11,419,152,238 to $17,247,323,339 (+51%).",
        "Added an office in Naples, FL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 20, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.75% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.75% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The annual fee charged by CWP for the Investment Management Services is a percentage of assets under management and will not exceed 1.75% of the market value of the client’s portfolio including cash and cash equivalents."
        ]
      }
    ],
    "quotes": [
      "The annual fee charged by CWP for the Investment Management Services is a percentage of assets under management and will not exceed 1.75% of the market value of the client’s portfolio including cash and cash equivalents."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Raymond James & Associates, Inc.",
      "name_as_filed": "RAYMOND JAMES & ASSOCIATES, INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/capital-wealth-planning-llc-naples-fl-150764.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 11151,
      "fewer_than_5": false,
      "raum": 6974439561.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1066,
      "fewer_than_5": false,
      "raum": 2608515388.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 7034321533.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 89,
      "fewer_than_5": false,
      "raum": 221164065.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 271,
      "fewer_than_5": false,
      "raum": 408882792.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/150764",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}